The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.
Category: Kalshi Inc
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Kalshi, an Online Prediction Market, Will Open Up to Brokerages
The platform, which recently hired Donald Trump Jr. as an adviser, is seeking to tap Wall Street to expand its potential customer base.
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Betting Markets Favor Trump. But Their Record of Accuracy Is Mixed.
Proponents believe that having real money on the line, and a large crowd of investors, encourages a more accurate election forecast than polling data can provide.
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Polymarket and PredictIt Gain Bets and Split From Polls
Supporters say the platforms are better at predicting the election. But questions have arisen about recent big bets, as they show a big lead for Donald Trump.